Participated · Series A · Aug 2023

MFast runs a large agent network and agent-facing app that enables users in rural and smaller Vietnamese cities to access bank accounts, loans, insurance and zero-interest appliance financing. Its agent app functions as a “mini-CRM,” and agents receive online training and offline workshops to sell financial products. The company reports 160,000 active agents and has served more than one million users in Vietnam to date. MFast integrates with financial institutions such as UOB, SHBFinance and TPBank and uses captured user data to build a credit scoring engine, sales engine and product strategy. The new funding will be used to develop proprietary technology and roll out features like Agent360, a credit scoring engine, an AI fraud detector and an end-user app. MFast plans to grow its agent base in Vietnam and expand internationally, starting with the Philippines next year. MFast is a mobile app that helps users in remote and rural areas of Vietnam access financial services. Launched in 2019 by fintech company DigiPay, the app has been used by 600,000 people to date. It partners with 11 financial institutions to offer loans and insurance, and reports distributing more than 50 billion VND in insurance products and 5,000 billion VND in financial products. Consumer credit partners include Mirae Asset, CIMB, Mcredit and Easy Credit; insurance partners include PVI, PTI and BSH. The company uses predictive machine learning to prequalify credit applicants and a data-driven engine to match insurance customers, and maintains a network of over 350,000 advisors. MFast says roughly 75–80% of its users are in remote provinces; it plans to use new funding to expand to more Vietnamese cities and provinces, develop its technology, add partners, and eventually enter other markets.

Participated · Series A · Jul 2022

Azota offers an online software platform that helps educators develop, proctor and automatically grade tests using an OCR system built from Vietnamese teaching materials. Its OCR reportedly recognizes Vietnamese tests with 99% accuracy and the company says it can cut grading time from two hours to two minutes. The platform shuffles recognized Q&A to generate hundreds of modified test combinations; the team is developing a more advanced question bank to let teachers assemble exams from scratch. Azota was created amidst the COVID-19 pandemic in 2021 and was founded last year by CEO Au Nguyen with co-founders Dai Nguyen and Hung Le. The startup reports 700,000 teachers and 10 million students as users, serving more than six million users in peak months (about 30% of teachers and students in Vietnam), with roughly 22% of educators coming from Hanoi and Ho Chi Minh City. The company follows a product-led growth approach focused on solving teachers' assignment and grading pain points rather than building a full LMS.

Participated · Series A · Oct 2021

Bizzi is a Vietnamese SaaS platform and first mover in invoice-processing automation in Vietnam, offering AI- and RPA-powered accounts-payable solutions. Its unified platform integrates with existing ERP and accounting systems and connects vendors and customers to automate bill payments, receipt scanning, compliance, and bookkeeping. Bizzi emphasizes data encryption practices aligned with leading accounting firms and has implemented ISO 27001, enabling partnerships with listed companies and multinationals that have strict security requirements. The company positions its product for enterprise use and has secured sizable clients in Vietnam. In October 2021 Bizzi raised $3.0M in a pre-Series A to support product feature enhancements and to broaden its customer network. The funds are earmarked for product development and go-to-market expansion.

Participated · Seed · Mar 2021

Manabie is an online education platform founded in January 2020 that aims to bring elements of Japan’s high-quality education to Vietnam. Its operating model merges online and offline learning through a mobile app and physical learning centers to maximize the efficiency of online-based education. The company’s mobile app has amassed more than 350,000 downloads within a year of launching, and Manabie operates five learning centers in Ho Chi Minh City where individual counsellors guide students. These counsellors help students set college and career goals, develop customized learning plans, and provide motivation—an approach Manabie says is a hallmark of Japanese education. Manabie plans to scale the model across Vietnam while focusing on improving user experience at a reasonable cost to create positive impacts on learners. The company intends to use recent funding to enhance its technology platform and strengthen its school presence in Vietnam.